October 27, 2021

Insurance

Florida property insurance is a sea of red ink

The Legislature passed a bill in its 2021 session making major changes in Florida's property insurance markets... Read more »
Published on 5/26/2021

Florida hurricane season 2021: The good news and bad news

The good news: More than a quarter of Florida's homes have been built or remodeled according to the tougher statewide building codes... Read more »
Published on 5/26/2021

U.N. panel casts doubt on dire hurricane season storm warnings

Hurricane season inevitably brings speculation on whether climate change is making the storm season worse. Read more »
Published on 5/26/2021

Florida's Top 10 Property Insurers

Be sure to read Mike Vogel's coverage of Demotech's warning about Florida's homeowner issues. 10 Premiums Written: $352.9M | Market Share: 3.5% 9 Premiums Written: $372.4M | Market Share: 3.7%... Read more »
Published on 3/23/2021

Ratings agency Demotech sends out a warning about Florida's homeowner insurers

Given how 2020 is unfolding, a significant warning early this year about the condition of Florida's homeowner insurance market understandably didn't get a lot of attention Read more »
Published on 6/25/2020

Gulfstream Insurance Company, Sarasota

Gulfstream Insurance Company is pleased to announce it has appointed Ronald E. “Nate” Natherson, Jr. as President and CEO. Read more »
Published on 5/22/2019

OIR Announces 2019 PPACA Individual Market Health Insurance Plan Rates

The Florida Office of Insurance Regulation (OIR) announced today that premiums for Florida individual major medical plans in compliance with the federal Patient Protection & Affordable Care Act (PPACA) will increase an average of 5.2 percent beginning January 1, 2019. Read more »
Published on 8/30/2018

Hurricane Irma Claims Data - as of August 13, 2018

This aggregate information is compiled from claims data filed by insurers. It has not been audited or independently verified and covers all claims based on filings received by the Florida Office of Insurance Regulation as of August 13, 2018. Read more »
Published on 8/24/2018

Clearsurance Reveals the Top 10 States with the Most and Least Happy Homeowners Insurance Policyholders

West Virginia triumphs as the happiest state according to its homeowners insurance policyholders with users from the state providing an average rating of 4.47 stars out of 5 for their insurance companies. At the other end of the scale, Florida homeowners insurance policyholders gave the lowest average rating of 4.03 stars. Read more »
Published on 8/1/2018

Citizens releases 2019 rate package, including request for 7.9 percent increase

Today, the Citizens Property Insurance Corporation's Board of Governors will be asked to approve a 2019 rate package that reflects the impact of skyrocketing nonweather related water loss claims in South Florida, a troubling trend that appears to be spreading to other parts of the state. Read more »
Published on 6/20/2018

Hurricane Irma Claims Data - as of June 12, 2018

This aggregate information is compiled from claims data filed by insurers. It has not been audited or independently verified and covers all claims based on filings received by the Florida Office of Insurance Regulation (OIR) as of June 12, 2018. Read more »
Published on 6/15/2018

Additional Workers' Comp Cost Reductions for Florida Businesses

On Wednesday, Florida Chief Financial Officer (CFO) Jimmy Patronis announced additional workers' compensation cost reductions that will save carriers an estimated nearly $20 million in 2019, allowing carriers to help further alleviate costs on Florida businesses. These reductions are a direct result of the sound financial management of the Workers' Compensation Administration Trust Fund (WCATF) and the Special Disability Trust Fund (SDTF), two funds that workers' compensation carriers contribute to. Read more »
Published on 6/14/2018

Florida Agents to Add Essential Hurricane Coverage

FAIA Offering Parametric Product to Eligible Members Read more »
Published on 6/7/2018

SUNZ Holdings, LLC Acquires Risk Consulting Company

SUNZ Holdings announced that it has acquired Risk Management America, LLC (“RMA”), an innovative risk management organization focused on improving workplace safety through health and safety consulting and asset protection services. Read more »
Published on 6/1/2018

OIR Approves Workers' Comp Insurance Rate Decrease

The Florida Office of Insurance Regulation announced today that it has approved a rate decrease for workers' compensation insurance in Florida. The 1.8% decrease was filed by the National Council on Compensation Insurance (NCCI) in a law-only filing resulting from the effects of the Federal Tax Cuts and Jobs Act. Read more »
Published on 5/1/2018

Insurance Institute for Business & Home Safety issues 'Rating of the States' report

In the 2018 edition of Rating the States from IBHS, Florida is ranked #1, but the report otherwise finds little progress in strengthening codes to ensure safety, community resilience Read more »
Published on 4/18/2018

Sarasota Memorial, BCBS reach contract agreement

On Friday, Sarasota Memorial Health Care System (SMHCS) reached a final agreement with Blue Cross and Blue Shield (BCBS) on a new, three-year contract that will go into effect April 1, 2018. This agreement allows patients enrolled in BCBS health-insurance plans to continue to have uninterrupted, in-network access to Sarasota Memorial Hospital, its network of urgent and outpatient care centers, and its First Physicians Group providers. Read more »
Published on 4/2/2018

Total number of insurance claims in Florida due to Hurricane Irma: 900,228

Florida's Office of Insurance Regulation has issued the latest figures. Read more »
Published on 2/14/2018

Anthem, Inc. Completes Acquisition of HealthSun

Anthem, Inc. (NYSE:ANTM) announced the completion of its acquisition of HealthSun, one of the fastest-growing integrated Medicare Advantage health plans and health care delivery networks in Florida. Read more »
Published on 12/28/2017

Florida Reemployment Tax Rate to Remain at its Lowest in 2018 for Third Year in a Row

On Thursday, Gov. Rick Scott announced that Florida businesses will continue to pay the lowest possible rate for reemployment taxes next year for the third year in a row. The minimum tax rate will remain at $7.00 per employee in 2018. Read more »
Published on 12/15/2017

Florida Office of Insurance Regulation Issues Orders Establishing 2018 Rates for Citizens

The Florida Office of Insurance Regulation (Office) has established the 2018 personal and commercial property insurance rates for Citizens Property Insurance Corporation (Citizens). This action comes after a postponement in the rate filing review process due to the impact of Hurricane Irma and the issuance of an Emergency Order by the Office to assist consumers recovering from this storm. The Emergency Order expired on December 3, 2017. Read more »
Published on 12/7/2017

Florida Insurance Commissioner Approves a 9.5% Decrease to Florida's Workers' Compensation Insurance Rates

Florida Insurance Commissioner David Altmaier has issued a Final Order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall rate level decrease of 9.5% and premium level decrease of 9.8%. Read more »
Published on 11/10/2017

FLOIR announces proposed rates for 2018 Federal PPACA Health Insurance Plans

Florida Office of Insurance Regulation has posted proposed rates for the Patient Protection and Affordable Care Act - aka the ACA or Obamacare Read more »
Published on 9/27/2017

Anthem to Acquire HealthSun, a fast-growing Medicare Advantage health plan

Anthem, Inc. announced that the company has entered into an agreement to acquire HealthSun, one of the fastest-growing integrated Medicare Advantage health plans and healthcare delivery networks in Florida. Read more »
Published on 9/21/2017

CoreLogic Analysis Estimates Property Damage from Hurricane Irma Between $42.5 Billion and $65 Billion

Approximately 80 Percent of Estimated Flood Damage is Uninsured Read more »
Published on 9/20/2017

Florida Business News

Florida Trend Video Pick

Connecting businesses with an untapped workforce
Connecting businesses with an untapped workforce

Allison Chase of The Able Trust outlines the organization's mission, champions the connection of businesses to Florida's "untapped talent pool," and draws awareness to "invisible" disabilities.
 

Earlier Videos | Viewpoints@FloridaTrend

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